Wednesday 28 October 2020

Reportage unveils special offer for Dubai, Abu Dhabi projects

DUBAI, September 26, 2020

Reportage Properties, a leading real estate developer, has launched a special offer for its projects in Abu Dhabi and Dubai, including exemption from service fees for 10 years as well as paying 10% as a down payment, and instalments of 1.5%  monthly payment for a period of 50 months.
Reportage is developing 10 projects that provide about 4000 housing units within the most important investment sites in Abu Dhabi and Dubai.
The projects in Dubai include the "Alexis Tower", which was launched this year in Downtown Jebel Ali in Dubai. It provides 378 luxury residential units, and is expected to be delivered by the last quarter of 2022.
On the Abu Dhabi developments, Reportage said it was developing two projects, one is “Al Raha Loft 1”, which provides 178 housing units, and “Al Raha Loft 2”, which adds 124 residential units. Both projects, located in Al Raha Beach area, are expected to be handed over during the first half of 2021.
In Masdar City, Reportage is developing  “Oasis Residence 1” project, which provides 612 apartments, and is expected to be handed over during the second quarter of 2021.
“Oasis Residence 2”, which provides about 304 housing units, is expected to be handed over during the second quarter of 2022. There is also "The Gate" project, which provides about 463 apartments.
On the new scheme, COO Islam Ahmed Suleiman said: "The availability of sufficient liquidity and the stability of our financial position enhanced the opportunities for launching attractive offers to buyers, with the option of payment after hand over."
"The company offers several options to buyers such as 10% down payment, 90% after hand over, or 20% in advance and 80% after hand over, both options benefit from a 5% discount, as well as exemption from service fees for 10 years in the company's projects in Dubai," he explained.
Reportage Properties is organizing a sales event for Rakan Tower today (September 26) at The Westin Dubai Mina Beach Resort till 7 pm.
Rakan Tower, scheduled to be completed and delivered by the last quarter of 2022, provides about 488 residential units. Studio prices start from Dhs280,000 ,one-room apartments from Dhs390,000  , and the two-room apartment start from Dhs600,000.
Highlighting the importance of the recent launch of Rakan Tower, Suleiman said the project is being developed in cooperation with Continental Investment within the Dubailand area.
The launch of the Rakan Tower, he stated, came after the company's success in achieving good sales from the first phase of "Rakan Lofts", which was launched at the end of last year, and included 349 residential villas, while the second phase includes about 305 villas.
The Maria Vista project is also being developed on Al Maryah Island in Abu Dhabi, and provides 786 housing units. It is scheduled to be handed over in mid 2024.
Last year, Reportage completed the handover of 177-unit Leonardo Residence project in Masdar City featuring 122 studios, 48 ​​one-, 16 two- and one three-room apartments. The project was constructed over a ​​4,250- sq-m area. 
Suleiman said the company was interested in launching a number of innovative promotional offers that take into account the conditions of the real estate market at the current times, as well as discounts on some units when buying in cash. 
This also comply with the requirements of the competent authorities, by paying money into the escrow account, he added.-TradeArabia News Service


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